Conflux’s native token CFX nearly doubled in value on Monday after the network’s Shanghai ecosystem conference wrapped up on July 20 in China. The surge saw CFX climb to a local high of $0.2146 across global crypto markets.
Investors drove the token up by more than 50% in the past 24 hours, pushing its market capitalisation to about $1.09 billion and boosting trading volume by a staggering 500%.
The rally was powered by anticipation for the upcoming Conflux 3.0 upgrade, set for July 31, and its promise of faster transactions and on‑chain AI integration.
CFX Price Actions
CFX rallied over 100% from last week’s lows to hit $0.2146. In the last seven days, it has gained roughly 104% and leapt more than 200% over the past month.
Trading volume jumped fivefold, highlighting strong demand from traders and new entrants looking to capitalise on the upgrade news. This sharp move places Conflux among the top performers in the crypto sector this week.
Conflux 3.0 Upgrade Details
The upcoming Conflux 3.0 launch introduces a Tree‑Graph consensus mechanism. This design allows blocks and transactions to be processed in parallel rather than one at a time.
The change is set to lift network throughput to more than 15,000 transactions per second. Such a leap in scalability could position Conflux as a leading high‑speed blockchain platform for decentralised applications.
Why is this Important?
A unique feature of the 3.0 upgrade is its support for on‑chain AI agents. Developers can now embed intelligent routines directly within smart contracts.
This will help to bridge blockchain with artificial intelligence, and will also make Conflux one of the first major networks to offer AI capabilities as its services.
Proponents say this could spark innovative DeFi services, algorithmic trading bots and dynamic NFT experiences.
Conflux is also building infrastructure for tokenised real‑world assets and cross‑border trade. The protocol plans to introduce an offshore yuan stablecoin in partnership with fintech firm AnchorX and Shenzhen‑listed Eastcompeace Technology.
This proposed stablecoin would cater to China’s Belt and Road corridors and support the country’s long‑term goal of internationalising its currency via blockchain rails.
China‑Aligned Collaborations
Often called the “Chinese Ethereum,” Conflux has a track record of working with local giants.
It teamed up with China Telecom to develop blockchain‑enabled SIM cards and partnered with McDonald’s China and the Shanghai municipal government on Web3 and metaverse pilots.
These projects underscore Conflux’s compliant, homegrown appeal compared to Western blockchains.
Analysts say CFX could push toward the $0.30 to $0.35 range if it holds above key support and a breakout above $0.25 materialises. Continued positive sentiment around the 3.0 launch and AI integration will be crucial.
Broader market tailwinds in altcoins and fresh ecosystem partnerships could provide the next catalyst for sustained gains.
Conflux’s rapid ascent this week shows how protocol upgrades and fresh use cases can drive token performance. With the Tree‑Graph consensus and on‑chain AI features just days away, all eyes will be on the network’s stability and developer response after the update launch.